Watkin Jones (LON:WJG) Reaches New 52-Week Low – Should You Sell?

Watkin Jones Plc (LON:WJG)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as GBX 15 and last traded at GBX 15, with a volume of 1003509 shares. The stock had previously closed at GBX 15.30.

Watkin Jones Trading Down 2.0%

The company has a market cap of £38.54 million, a P/E ratio of -4.47 and a beta of 1.36. The company has a current ratio of 2.12, a quick ratio of 1.55 and a debt-to-equity ratio of 28.84. The business has a 50 day moving average price of GBX 16.74 and a 200-day moving average price of GBX 20.16.

Insiders Place Their Bets

In other news, insider Alan Giddins purchased 177,000 shares of the company’s stock in a transaction on Friday, August 28th. The shares were purchased at an average cost of GBX 1,686 per share, with a total value of £2,984,220. Insiders own 3.95% of the company’s stock.

Watkin Jones Company Profile

Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom. The company operates through four segments: Student Accommodation, Build to Rent, Affordable Homes, and Accommodation Management. It is involved in the development of purpose-built student accommodation, build to rent accommodation, and residential housing property; and management of student accommodation and build to rent/private rental sector property. The company was formerly known as Watkin Jones Limited and changed its name to Watkin Jones Plc in March 2016.